Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Advantages and Disadvantages of for Sale by Owner

By Jim Soun Subscribe to RSS | June 8th 2012 | Views:
loading
 
  



One of the most important decisions homeowners can make is how they could sell their properties, which may include their house. There are many ways in buying and selling properties in the real estate industry. One, the seller can make an ala carte contract with a flat fee broker. Second, the seller can have his property for sale posted in a real estate listing. Third, the seller can have his property posted on a list on mls. And finally, some sellers opt to sell their properties on their own. Their transactions are called for sale by owner.

A for sale by owner (FSBO) transaction, which is usually pronounced as “fis-bo” is another term used in the real estate industry where the sellers have their properties sold exclusive of any help from a flat fee broker or real estate agent. In this practice, more often than not, the seller is being guided by a lawyer throughout the whole process of the sale.

An advantage to this method is the avoidance of paying commissions to a flat fee broker which makes it one of the major reasons why most homeowners opt to go for the for sale by owner method. The seller can save thousands of dollars and he can sell the property faster. Another advantage is that the seller has all the time to focus on looking for buyers and have all the options on where to post an ad, when to schedule an open house. The seller has all the time and he can set his own schedule!

This option doesn’t only have advantages, it also has downsides too. Disadvantages include a situation where the seller decides to have his property posted on a real estate listing or have it included in a list on mls, and if there is a buyer who has a deal with a broker and wants that property, chances are the broker will ask the owner to pay him/her a percentage which will serve as a finder’s fee for introducing the buyer. Another would be if the seller opts to deal with a broker and have it posted on a real estate listing or even have it included on a list on mls; chances are the property will not be top priority for brokers have other clients too.

Nothing’s wrong in taking risks on how the owner decides to sell his properties. It is still better to weigh options first and then decide on which is best.

Jim Soun - About Author:
Jim Soun is a shrewd consumer who writes about personal finance and real estate topics like: for sale by owner, list on mls, real estate listing, flat fee broker.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/real-estate-articles/advantages-and-disadvantages-of-for-sale-by-owner.htm

Related Real Estate Articles Subscribe to RSS

Hire estate agents Marlow for smooth property deals
Published by Ricky Charles on January 4th 2012 | Real Estate
Many businesses have flourished and doomed but the real estate business has somehow managed to keep ...
 
Cape Coral real estate a great investment make no mistake
Published by Anne Mary on December 10th 2011 | Real Estate
Cape Coral has some of the finest properties in fantastic surroundings, but mistakes in the real est...
 
New real estate destinations in Mumbai
Published by Prop Tiger on June 22nd 2012 | Real Estate
The costs of residential property in Mumbai are touching to the sky and purchasing for the piece of ...
 
Port Washington real estate brokers are professional enough to handle your requirements
Published by Jack Smith on June 19th 2012 | Real Estate
People get confuse while dealing with home purchase, so contact Port Washington real estate brokers ...
 
Invest in mohali real estate
Published by Neha Gupta on May 11th 2012 | Real Estate
Making a property purchase is possibly the most momentous fiscal decision for a first time buyer. Th...
 
Finest real estate properties of California
Published by Henry Fuol on June 22nd 2012 | Real Estate
The decision of buying a real estate property is very vital as it involves a huge sum of money as we...
 
Why need estate agents for realty investments
Published by Glyn Jones on December 23rd 2011 | Real Estate
The real estate agents have a huge list of database and they can give you some better information ab...
 
Cape Coral real estate a bargain in waiting
Published by Anne Mary on December 10th 2011 | Real Estate
The real estate markets in Florida and Cape Coral in particular continue to flourish, with some fabu...
 
Real estate investment at Riggsbee Farm
Published by Steve Elloy on January 17th 2012 | Real Estate
The bankrupt economy of Greece and the clueless future of the EU have taken the international market...
 
Gain more insight on making investment in real estate
Published by Mike Nicholson on January 30th 2012 | Real Estate
In this article, I will explain the basics of real estate investment. Let’s start with the definit...
 
Important Strategies to Make Good Investments in Foreign Real-estate
Published by Dale Smith on December 27th 2011 | Real Estate
Purchase in property is commonly thought to be the beneficial method for generating revenue. It is p...
 
Lease/Tenancy options for better dealing in real estates
Published by Jane Cyrus on February 13th 2012 | Real Estate
One of the best options of doing property dealing is a Leasing. With help of this beneficial option,...
 
Beverly Hills real esBeverly Hills real estate agent is simply the finest picktate agent is simply the finest pick
Published by Jim Corbet on June 7th 2012 | Real Estate
Beverly Hills real estate agent is considered to be the best when it comes to offering the finest de...
 
Port Washington NY Real estate is a boom for investors
Published by on July 14th 2012 | Real Estate
Investors whether they are small or big, always looks for an opportunity and many of they are contin...
 
Are you searching for real estate project in Bhopal?
Published by Manish Kumar on June 14th 2012 | Real Estate
Many homebuyers sometimes get confused about buying a new home or apartment. They think that waiting...
 
Noida real estate bringing smile to everyone’s face
Published by Komal Chauhan on December 30th 2011 | Real Estate
This article is related to noida's most luxurious project named Unitech Unihomes 3 and its various f...
 
Online estate agents to sell your property
Published by Matthew Watson on April 29th 2012 | Real Estate
Using an online estate agency will allow property owners to perform the majority of the sales proces...
 
Looking for the best real estate companies in Delhi?
Published by Mike Nicholson on May 2nd 2012 | Real Estate
Real estate investment is a kind of investment that sometimes involve your whole life earning so bef...
 
Real estate agents in Malaysia
Published by Jeevan Nanthan on May 30th 2012 | Real Estate
Recently, a new trend called real estate bidding has also started in Malaysia that has further helpe...
 
The dynamics of real estate marketing
Published by Loo821ql on March 11th 2012 | Real Estate
Investing in real estate has been hailed as a very profitable business....